Critical illness insurance does not belong to life insurance. Critical illness insurance refers to a commercial insurance behavior in which the insurance company pays the insurance money according to the insurance contract when some major diseases such as malignant tumor, myocardial infarction and cerebral hemorrhage occur as risks and the insured reaches the state of major diseases agreed in the insurance clauses. Life insurance is a kind of life insurance with the life of the insured as the subject matter and the life and death of the insured as the payment condition. Like all insurance businesses, the insured transfers the risk to the insurer, accepts the insurer's terms and pays the insurance premium. Different from other insurances, life insurance transfers the risk of the insured's survival or death.
The difference between the two is that the subject matter of insurance is different, the protection is different, and it is suitable for different people.
1, different subject matter insured:
The insurance object of critical illness insurance is human health, while the insurance object of life insurance is human life;
2. Different guarantees:
Critical illness insurance is the insurance to protect diseases, and the diagnosis contract stipulates that insurance money is paid for diseases, while life insurance is based on the survival or death of the insured.
3, suitable for different people:
Critical illness insurance is suitable for people who need disease protection for their health, and life insurance is suitable for young and middle-aged people who bear family responsibilities.